Boom! There it is. The answer to the most asked and most elusive question about money.

How do you save money? You just do it!

How do you ride a bike? You jump on it.

How do you learn guitar? You start rockin’!

How do you learn to cook? In the kitchen!

There are no tricks. There is no secret. You are either saving money or you aren’t.

People are always looking for a work-around when it comes to saving money. Good news… there is no secret work-around.

Think about it for a second, if there was a secret work-around, what would it be? Would it some how involved NOT saving money?

More good news… You already know how to save money, you just need to start doing it.

So, how do you save money? Give us your best super-secret work-around tip. 😉

-Derek

Money Saving Resources:

1) Digit – Digit is an app that saves money automatically for you! I use it myself and really like it. It proves that you can save money because it does it automatically. Read my full review.

2) SAVVY – Savvy is a service that will negotiate a lower monthly bill with your cable and internet providers. Check out SAVVY.

3) Savings Spreadsheet – Use this free spreadsheet to figure out how much money you should be saving each month to pay for medium sized expenses like yearly bills, vacations, and a new-to-you car. Download the spreadsheet here.

I use my savings as a credit card. If I want to buy something, I borrow the money and pay it back with interest. My savings keeps growing and I don’t deprive myself of big purchases. There is the burden of tracking how much of each loan is paid off; but, the approach has been very beneficial so far.

The reason I started this is that I came to realize that I need a core of money that I can use to buy the things I want such as gadgets or investments. So, even investments are done with borrowed money from my savings. If I want to buy $1000 of stock, I borrow the $1000 and then pay back $1100.

This works because many of us are wired to want to pay back debts. By making my savings a source of debt to self, I focus on paying off my self loans as quickly as possible. In this way, I achieve savings rates greater than the typical 10-15%.

My super-secret work around tip: stop caring what friends and family think about how you dress, what sort of car you drive, how big a TV you have, etc. Instead of feeling embarrassed about non-stainless appliances, non-granite countertops, and popcorn ceilings, imagine the embarrassment of your friends who will spend exorbitant amounts to change such things if net worth statements were as easy to see as all this stuff that doesn’t matter! 🙂

Simple, yet spot on. People always want to find shortcuts in life. To wealth, losing weight, succeeding in their career, etc. You’ve got to put in the work, be disciplined, and be intentional. Only then will the results come.

In debt? Get out!

Money book for couples!

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How Do I Money.com is all about getting out of debt, building a better monthly budget, and growing your net worth. How Do I Money is strictly an entertainment website. This sites authors and owners are not responsible for any outcomes from implementing the advice found here.